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May 21, 2018

Pearl Meyer Releases Three Unique Compensation Surveys

Job Titling, Cyber Security, and College Graduate/Intern salary data now available

DALLAS—May 21, 2018—Pearl Meyer today announced from WorldatWork’s 2018 Total Rewards Conference the release of three unique, comprehensive surveys that will enable human resources professionals to better understand the current trends in hiring and compensating in-demand segments of the workforce. Each of these periodic reports, updated for 2018, includes detailed information that cannot readily be obtained from other data sources.

“What makes these surveys especially useful to HR teams is that in addition to extremely granular salary data, they also include information on hiring policies and practices,” said Beth Florin, managing director at Pearl Meyer and lead for the firm’s survey practice. “When companies are facing a tight labor market, as is the case currently, this level of detailed data can aid substantially in recruiting and retention efforts.” 

Job Titling Practices Survey

Pearl Meyer’s Job Titling survey provides an in-depth analysis of the competitive practices of 219 companies, which is summarized in total, as well as by industry and firm revenue size. The information provided covers individual contributors through C-suite executives in a wide variety of job functions. Key findings include:

  • Seventy-seven percent of firms reporting indicate that job titles accurately convey the organizational hierarchy;
  • Fourteen percent note that the use of job titles is a result of organizational politics; and
  • Fewer than 10% use job titles to recognize/reward employees when budgets are limited.

Cyber Security Compensation Survey

In the emerging and highly competitive field of cyber security, Pearl Meyer’s survey of 96 companies offers clear descriptions of job families and levels, details on total compensation, sign-on and retention programs, and turnover rates for cyber security professionals. The data is broken down into 12 U.S. geographic regions. Key findings include:

  • Between 2015 and 2017, the turnover rate for cyber security professionals has risen from 13.5% to 17.7%;
  • Offer acceptance rates have decreased in the same time period by 15%; and
  • Fifty-four percent of firms are experiencing “significant or extreme difficulty” hiring expert-level staff.

College Graduate and Intern Compensation Survey

The College Graduate and Intern survey collects a broad range of information on compensation for major areas of study and various degree levels in multiple geographic regions from more than 100 participating companies. The report features average hiring rates and starting salaries, hiring guidelines, and top MBA program data. Key findings include:

  • Fifty percent of organizations are making offers to prospective graduates in the fall of their senior year;
  • More than 75% of responding organizations are offering strategic college hires a signing incentive; and
  • More than half are offering relocation packages.

Additional Resources

 

About Pearl Meyer

Pearl Meyer is the leading advisor to boards and senior management helping organizations build, develop, and reward great leadership teams that drive long-term success. Our strategy-driven compensation and leadership consulting services act as powerful catalysts for value creation and competitive advantage by addressing the critical links between people and outcomes. Our clients stand at the forefront of their industries and range from emerging high-growth, not-for-profit, and private organizations to the Fortune 500.

At Pearl Meyer, we work with boards and organizations to design and implement compensation and leadership strategies that build great management teams.
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